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New home listings absorbed by buyer demand in September, NABOR reports

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Home sales in September would have been stronger if there was more inventory, say broker analysts reviewing the September 2021 market report released by the Naples Area Board of Realtors (NABOR). Historically, September is the slowest month for home sales in Naples, but the area’s reputable natural beauty and home-value potential continue to increase its desirability to home buyers. Closed sales in September decreased 18.9% to 914 closed sales from 1,127 closed sales in September 2020, a result of low inventory. A decrease of 213 homes sales might seem like home-buying interest is waning but consider the inventory factor. In September 2020, there were 5,287 properties available. While in September 2021, the month ended with just 1,251 properties for sale—a 76.3% decrease. Comparing showing activity also sheds light on the situation. There were roughly 23 showings per home during September compared to under seven showings per home in September 2020. Basically, more buyers are looking at fewer properties this year. 

 

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